LINK Price Performance and Relative Strength

Chainlink LINK

Current Price

$9.51 +1.26%

$0.2800 Daily Range (2.94%)

$9.26$9.54

$363.91M Daily Volume

4,663 BTC

Vol/MktCap: 5.26%

Resistance Zone

HTF: 52 (Neutral)

Market Performance

-0.70% 0.0001 BTC

-1.47% 0.0040 ETH

+1.27% 9.51 USDT

+0.70% 6.56 XRP

+0.19% 0.0148 BNB

0.78% Relative BTC Volume

The total volume of Chainlink is $363.91M over the past 24 hours, compared to $46.38B total Bitcoin volume.

Hourly Moving Average

8 SMA $9.44 +0.71%

13 SMA $9.40 +1.17%

21 SMA $9.41 +1.11%

55 SMA $9.32 +2.09%

144 SMA $9.37 +1.45%

-0.25% 1 Hour Change

$9.51 from $9.53

+5.48% 7 Day Change

$0.5212 from $8.99

+3.02% 14 Day Change

$0.2871 from $9.22

+10.23% 30 Day Change

$0.9731 from $8.54

May 10, 2021

$52.70 -81.95%

-$43.19 vs. now

$6.91B Market Cap

88,583 BTC

24H Change

83.25M USD +1.22%

1,067 BTC

Total Supply: 1.00B LINK

727.10M LINK Available

72.71% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.

Relative Supply Ratio

49.95 x BTC Supply

50:1 supply ratio

RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.

Relative Trade Volume

38.71M LINK traded over past 24 hours

5.32% of circulating supply A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.

Markets and Insights

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Chainlink AI Market Analysis

Chainlink (LINK) is currently trading at $9.51, reflecting a 1.58% increase over the past 24 hours. The price has fluctuated between a daily high of $9.54 and a low of $9.26, indicating a relatively narrow trading range of 0.28%.

Trading volume stands at approximately 363.94 million, representing 5.27% of the market cap, which suggests a healthy liquidity level. The hourly moving averages show a bullish trend, with the 55 SMA at $9.32 up by 2.09%, supporting the potential for upward momentum.

The 1-hour RSI at 59 indicates the asset is approaching overbought territory, while the 7-day RSI of 52 suggests a neutral stance in the medium term. In the last week, LINK has seen a price increase of 5.46%, with a notable 10.21% rise over the past 30 days, indicating strong short-term bullish sentiment.

Despite being well below its all-time high of $52.70 from May 2021, the recent price action and moving averages reflect a positive trend. The price stability within the daily range, coupled with healthy RSI levels, suggests that LINK is currently consolidating before a potential breakout.

Based on the technical indicators and recent performance, a Buy rating is recommended for Chainlink (LINK). The combination of increasing moving averages, positive price changes over multiple timeframes, and manageable RSI levels supports an optimistic outlook for the asset in the near term.

Updated 47 minutes ago.